Últimas noticias sobre EVI Industries (AMEX:EVI) Bolsa

EVI Industries

EVI Industries Inc through its subsidiaries, is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to its customers, which include commercial, industrial, institutional, government, and retail customers. These activities are conducted in the United States, Canada, the Caribbean, and Latin America.

ACTU

ALVO

BACK

CSBR

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GLRE

HEPA

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IMAC Holdings sube más del 108% tras anunciar Ignite Proteomics. Conoce las acciones más destacadas en la negociación previa.

Acciones de IMAC Holdings se disparan un 108%; 20 acciones en movimiento en el premercado de EE.UU.

EVI Industries Inc

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EVIATION AIRCRAFT LTD ORD by Eviation Aircraft Ltd.

EvidenZ

EVIL EMPIRE DESIGNS INC. by Evil Empire Designs Inc.

Evil Empire Designs Inc

The transaction is expected to be EVI's 30th and largest acquisition in the ten-year history of its buy-and-build growth strategy. EVI will ring the closing bell at the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nyse.com%2Fbell&amp;esheet=54217736&amp;newsitemid=20250303175689&amp;lan=en-US&amp;anchor=New+York+Stock+Exchange&amp;index=1&amp;md5=488f8b26722a515c588563b931cdecee">New York Stock Exchange</a> today, Monday March 3, 2025, to commemorate this ten-year anniversary and its achievements over the past decade.
EVI Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVI#NYSE">EVI</a>) announced today that it has executed a definitive agreement to acquire Oshkosh, WI based Girbau North America, Inc. (GNA) from Girbau S.A. (Girbau), a Spanish-based and globally recognized leader in the manufacture of commercial and industrial laundry products. EVI will pay consideration of approximately $43 million in cash, subject to customary purchase price adjustments, which will be funded through EVI's revolving credit facility. Simultaneously with the execution of the definitive agreement, EVI entered into a Commitment Letter with Bank of America, the "Lead Arranger" in the Company's existing Credit Agreement, and with Wells Fargo, primarily to amend the Credit Agreement to increase the amount of the revolving commitments by $50 million (to $150 million) and to increase accordion feature, which may increase the revolving credit facility, by $10 million (to $50 million), for a total of $200 million. It is contemplated that the amendment to the Credit Agreement will also include a new five-year term on financial terms consistent with the current terms commencing concurrent with the closing of the acquisition of GNA.

EVI Industries To Acquire Girbau North America For ~$43M In Cash

Earnings

News

EVI Industries Q2 EPS $0.07 Down From $0.09 YoY, Sales $92.7M Up From $91.36M YoY

Shares of IMAC Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BACK#NASDAQ">BACK</a>) rose sharply in today's pre-market trading after the company announced it launched Ignite Proteomics, <a href="https://www.benzinga.com/quote/BACK">its new subsidiary</a>.
IMAC shares jumped 108.6% to $1.73 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Dunxin Financial Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXF#NYSE">DXF</a>) gained 110.6% to $16.32 in pre-market trading after dipping 73% on Monday.</li>
<li>Planet Image International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YIBO#NASDAQ">YIBO</a>) rose 85.7% to $5.72 in pre-market trading following a 43% surge on Monday.</li>
<li>ZK International Group Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZKIN#NASDAQ">ZKIN</a>) gained 47% to $0.9998 in pre-market trading after the company reported a year-over-year increase in FY24 EPS results.</li>
<li>Hepion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPA#NASDAQ">HEPA</a>) gained 32.7% to $0.2191 in pre-market trading after falling 13% on Monday. Hepion Pharmaceuticals recently announced a $9 million public offering.</li>
<li>Pulmonx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNG#NASDAQ">LUNG</a>) gained 27.2% to $8.00 in pre-market trading.</li>
<li>JIADE Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) rose 26.1% to $1.11 in pre-market trading after gaining around 18% on Monday.</li>
<li>Unity Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNTY#NASDAQ">UNTY</a>) gained 23.7% to $59.99 in pre-market trading.</li>
<li>Concentra Group Holdings Parent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) shares jumped 14.6% to $26.99 in pre-market trading. Concentra recently announced a 5.5% increase in preliminary fourth-quarter 2024 revenue.</li>
<li>Empire Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EP#NYSE">EP</a>) rose 8.2% to $6.50 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Evergreen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGR#NASDAQ">EVGR</a>) shares fell 58.3% to $5.00 in pre-market trading.</li>
<li>Greenlight Capital Re, Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLRE#NASDAQ">GLRE</a>) shares fell 49.1% to $7.00 in pre-market trading.</li>
<li>Actuate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACTU#NASDAQ">ACTU</a>) dipped 41.1% to $6.00 in pre-market trading.</li>
<li>Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) declined 31.4% to $11.01 in pre-market trading.</li>
<li>The Joint Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYNT#NASDAQ">JYNT</a>) fell 27.3% to $8.10 in today's pre-market trading. The Joint Corp recently announced a year-over-year increase in patient visits.</li>
<li>Varex Imaging Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VREX#NASDAQ">VREX</a>) shares dipped 26% to $10.10 in pre-market trading. Varex Imaging will report unaudited financial results for the first quarter of fiscal year 2025 on Thursday, Feb. 6.</li>
<li>Champions Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSBR#NASDAQ">CSBR</a>) fell 22.2% to $9.10 in pre-market trading.</li>
<li>EVI Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVI#NYSE">EVI</a>) shares tumbled 13.1% to $16.20 in pre-market trading. EVI Industries recently announced plans to acquire Haiges Machinery.</li>
<li>Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) fell 13% to $37.00 in pre-market trading.</li>
<li>Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) fell 9.6% to $11.81 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/43230206/jim-cramer-is-worried-about-this-consumer-cyclical-stock-7-yield-something-may-be-wrong-here">Jim Cramer Is Worried About This Consumer Cyclical Stock: 7% Yield? &#8216;Something May Be Wrong Here&#8217;</a></li>
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Why IMAC Holdings Shares Are Trading Higher By Over 108%; Here Are 20 Stocks Moving Premarket

EVI Industries, Inc. (NYSE American: "EVI") announced today that it executed a definitive agreement to acquire Huntley, IL based Haiges Machinery, Inc. ("Haiges Machinery"), a distributor of commercial laundry products and a provider of related installation and maintenance services that includes an experienced team of laundry professionals with longstanding customer relationships. The acquisition of Haiges Machinery is EVI's first acquisition in the Midwest region of the United States.
As is customary under EVI's operating model, Haiges Machinery will operate under its existing name, from its existing facility, with all twenty-five (25) current employees, and continue to represent the Company's long-term and loyal supplier partners. Upon completion of the Haiges Machinery acquisition, EVI will have acquired twenty-nine (29) commercial laundry businesses and continues to be the fastest growing and only listed company devoted to the North American commercial laundry distribution and services industry.

EVI Industries To Acquire Haiges Machinery; No Financial Terms Disclosed

EVI Industries Q1 EPS $0.21 Up From $0.09 YoY, Sales $93.62M Up From $88.07M YoY

The dividend is payable on October 7, 2024 to stockholders of record at the close of business on September 26, It represents&nbsp;a&nbsp;10%&nbsp;increase over the amount of the special cash dividend paid by EVI in October 2023.

Dividends

EVI Industries Declares Special Cash Dividend Of $0.31 Per Share

EVI Industries Q4 EPS $0.14 Up From $0.13 YoY, Sales $90.146M Down From $94.04M YoY

EVI Industries, Inc. (NYSE American: "EVI") announced today that it executed a definitive agreement to acquire Lakeland, FL based Laundry Pro of Florida, Inc. ("Laundry Pro"), a distributor of commercial laundry products and a provider of related installation and maintenance services. The addition of Laundry Pro significantly increases EVI's market share in the state of Florida and includes an experienced team with longstanding customer relationships and strategically valuable product lines. The Company believes that combined with EVI's southeast operations, the rapid deployment of its customer facing technologies, and with other benefits of being an EVI company, Laundry Pro will enhance its customer value proposition and immediately yield growth and profitability for EVI.

EVI Industries To Acquire Laundry Pro Of Florida, Transaction To Be Paid In Cash; No Financial Terms Disclosed

EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>) reported quarterly earnings of $0.06 per share. This is a 68.42 percent decrease over earnings of $0.19 per share from the same period last year. The company reported $83.98 million in sales this quarter. This is a 10.72 percent decrease over sales of $94.07 million the same period last year.

EVI Industries Q3 EPS $0.06 Down From $0.19 YoY, Sales $83.98M Down From $94.07M YoY

EVI Industries Q2 2024 EPS $0.09 Down From $0.15 YoY, Revenue $91.364M Up From $82.638M YoY

The most oversold stocks in the industrials presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>EVI Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evi#NYSE">EVI</a>)</h3>
<ul>
<li>On Nov. 9, EVI Industries posted a decline in first-quarter EPS. Henry M. Nahmad, EVI&rsquo;s Chairman and CEO, commented, &quot;EVI delivered record revenue and gross profit during the quarter. Our results are a testament to the dedication of our team and their thoughtful execution of various initiatives they have undertaken to drive growth, modernize operations, and improve profitability.&rdquo; The company&rsquo;s stock fell around 12% over the past month and has a <a href="https://www.benzinga.com/quote/EVI">52-week low of $17.00 </a>.</li>
<li>RSI Value: 22.88</li>
<li>EVI Price Action: Shares of EVI Industries fell 2.5% to close at $20.81 on Tuesday.</li>
</ul>
<h3>UniFirst Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unf#NYSE">UNF</a>)</h3>
<ul>
<li>On Jan. 3, UniFirst said first-quarter sales grew 9.5% Y/Y to $593.5 million, beating the consensus of $589.6 million. UniFirst reiterated revenue guidance of $2.415 billion- $2.435 billion but sees the lower half of the range as more likely achievable due to recent trends in its Core Laundry Operations in the latter half of the quarter. The company&rsquo;s stock fell around 7% over the past month. It <a href="https://www.benzinga.com/quote/UNF"> has a 52-week low </a> of $150.50.</li>
<li>RSI Value: 29.39</li>
<li>UNF Price Action: Shares of UniFirst fell 0.9% to close at $167.44 on Tuesday.</li>
</ul>
<h3>John Bean Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbt#NYSE">JBT</a>)</h3>
<ul>
<li>On Dec. 13, JBT submitted enhanced proposal to acquire Marel hf for &euro;3.40 per share. The company&rsquo;s stock fell around 12% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/JBT"> low of $90.21.</a></li>
<li>RSI Value: 21.65</li>
<li>JBT Price Action: Shares of John Bean Technologies fell 2% to close at $91.96 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36642551/tilray-brands-and-2-other-stocks-under-2-insiders-are-buying"> Tilray Brands And 2 Other Stocks Under $2 Insiders Are Buying </a>

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Pre-Market Outlook

Markets

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Top 3 Industrials Stocks That Could Blast Off In January

Thomas Marks, EVP at EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>), reported a large insider sell on November 21, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000065312/000110465923120414//Archives/edgar/data/65312/000110465923120414/0001104659-23-120414-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Marks sold 4,396 shares of EVI Industries. The total transaction amounted to $110,501. 
EVI Industries shares are trading down 0.0% at $24.68 at the time of this writing on Wednesday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000065312">Check Out The Full List Of EVI Industries's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

EVP At This Industrials Company Sells $110K of Stock

Thomas Marks, EVP at EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>), reported a large insider sell on November 16, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000065312/000117494723001404//Archives/edgar/data/65312/000117494723001404/0001174947-23-001404-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Marks sold 8,181 shares of EVI Industries. The total transaction amounted to $206,093. 
EVI Industries shares are trading up 1.51% at $24.21 at the time of this writing on Friday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000065312">Check Out The Full List Of EVI Industries's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVI Industries Recent Insider Activity

EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>) reported quarterly earnings of $0.09 per share. This is a 55 percent decrease over earnings of $0.20 per share from the same period last year. The company reported $88.07 million in sales this quarter. This is a 5.57 percent increase over sales of $83.43 million the same period last year.

EVI Industries Q1 EPS $0.09 Down From $0.20 YoY, Sales $88.07M Up From $83.43M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is estimated to report quarterly earnings at $3.36 per share on revenue of $2.82 billion.
&bull; Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $2.95 billion.
&bull; Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is projected to report quarterly earnings at $1.08 per share on revenue of $1.62 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>) is expected to report earnings for its fourth quarter.
&bull; Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is estimated to report earnings for its second quarter.
&bull; Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $19.23 million.
&bull; CalAmp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMP#NASDAQ">CAMP</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $70.35 million.
&bull; Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $1.54 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AEHR

CAMP

LEVI

Earnings Scheduled For October 5, 2023

On October 4, 2023, the Company&#39;s Board of Directors declared a special cash dividend on the Company&#39;s common stock of&nbsp;$0.28&nbsp;per share to be paid on October 26, 2023 to stockholders of record at the close of business on October 16, 2023.

EVI Industries Declares A Special Cash Dividend of $0.28/Share

EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>) reported quarterly earnings of $0.13 per share. This is a 18.18 percent increase over earnings of $0.11 per share from the same period last year. The company reported $94.04 million in sales this quarter. This is a 13.53 percent increase over sales of $82.83 million the same period last year.

EVI Industries Q4 EPS $0.13 Up From $0.11 YoY, Sales $94.04M Up From $82.83M YoY

DAVID BLYER, Board Member at EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>), reported a large insider sell on August 16, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000065312/000117494723001075//Archives/edgar/data/65312/000117494723001075/0001174947-23-001075-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that BLYER sold 4,883 shares of EVI Industries. The total transaction amounted to $88,683. 
EVI Industries shares are trading up 0.58% at $26.1 at the time of this writing on Wednesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000065312">Check Out The Full List Of EVI Industries's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVI Industries Board Member Sold $88K In Company Stock

EVI Industries Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evi#NYSE">EVI</a>) said it had executed a definitive agreement to acquire New Castle, Pennsylvania-based&nbsp;ALVF, Inc. dba ALCO Washer Center, a distributor of commercial laundry products,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/07/b33470595/evi-industries-to-acquire-alco-washer-center" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for an undisclosed sum.</a>
Through ALCO, EVI looks to increase its customer base and expand its distribution and service footprint in the northeast region of the U.S.
Upon closing, ALCO will join EVI&#39;s Northeast Group and continue operating under its current name and location.
The deal represents EVI&#39;s twenty-fifth acquisition of a successful family-owned commercial laundry business.&nbsp;
EVI&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/02/b30845744/evi-industries-reports-record-results-for-second-quarter-of-fiscal-2023" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">held $4.02 million in cash and equivalents</a>&nbsp;as of March 31, 2023.
Price Action: EVI shares are trading higher by 3.47% at $25.36 on the last check Monday.

Equities

Small Cap

General

EVI Industries Bolsters Northeast US Footprint Via ALCO Washer Center Acquisition

EVI Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVI#NYSE">EVI</a>) announced today that it executed a definitive agreement to acquire New Castle, Pennsylvania based ALVF, Inc. dba ALCO Washer Center (&quot;ALCO&quot;), a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry. Through ALCO, EVI increases its customer base and expands its distribution and service footprint in the northeast region of the United States.
Upon closing, ALCO will join EVI&#39;s Northeast Group. Consistent with EVI&#39;s operating philosophy, ALCO will continue to operate under its current name and from its present location, and have the full extent of EVI&#39;s resources with which to execute on various growth opportunities in its region. The successful completion of the ALCO acquisition will represent EVI&#39;s twenty-fifth (25th) acquisition of a successful family owned commercial laundry business. As a result of its successful acquisition program and various organic growth initiatives, EVI continues to be the fastest growing and only listed company devoted to the North American commercial laundry distribution and service industry.
The transaction is expected to close upon the satisfaction of customary closing conditions.
EVI&#39;s Buy and Build Philosophy
Key components of EVI&#39;s buy-and-build strategy include:
<ul>
<li>Identify and partner with great businesses led by influential leaders,</li>
<li>Retain the leadership team, honor the company culture and empower them,</li>
<li>Collaborate on new and transformative ideas to foster a spirit of growth and innovation,</li>
<li>Pursue aggressive growth plans and help the leadership team achieve their goals, and</li>
<li>Create an ownership culture by motivating the team with long-term equity.</li>
</ul>
Mr. Nahmad commented: &quot;We believe that the thoughtful execution of our buy-and-build growth strategy has earned us a positive reputation in and around the commercial laundry industry, including among owners of quality businesses. We remain very active in the pursuit of additional investments in other great businesses and given our record, reputation, and appetite for significant growth, EVI is well-positioned to capitalize on a growing number of opportunities.&quot;

EVI Industries To Acquire ALCO Washer Center; No Financial Terms Disclosed

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EVI Industries Announces Participation at Sidoti September Small-Cap Virtual Conference

EVI Industries Reports Fourth Quarter and Fiscal Year Results, Including Record $33M in Operating Cash Flows

EVI Industries Declares Special Cash Dividend

EVI Industries to Present at the Baird Global Industrial Conference

EVI Industries Completes Acquisition of O'Dell Equipment and Supply

EVI Industries Reports Record First Quarter Results

EVI Industries to Acquire Haiges Machinery

EVI Industries Completes Acquisition of Haiges Machinery

EVI Industries Reports Record Second Quarter Results

EVI Industries to Acquire Girbau North America

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